(Reuters) -Brookfield Asset Management is targeting $10 billion in equity for its new AI infrastructure fund, launching a new strategy aimed at investing in infrastructure tied to artificial intelligence, the Wall Street Journal reported on Wednesday.

The Canadian investment firm has already raised $5 billion from investors including Nvidia, Kuwait Investment Authority (KIA) and Brookfield’s own balance sheet, the Journal added.

Reuters could not immediately verify the report. Brookfield and KIA did not immediately respond to Reuters’ requests for comment.

Brookfield said it plans to use the capital, plus additional co-investments and debt, to build and acquire as much as $100 billion worth of AI infrastructure, the report said.

Brookfield, which has over $1 trillion of assets under ma

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